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- Going Concern (new) — The auditor has issued a going-concern opinion, and the company states its cash will not fund operations for the next twelve months.
- Material Weakness (new) — The company discloses material weaknesses in internal control over financial reporting, leading to restatements of prior financial statements.
- Unproven Technology (new) — The Gravity Reactor is in development and has not been proven in a real-world operating environment, with no NRC license precedent.
- Pending Litigation Against Nrc (new) — The company is a plaintiff in a federal lawsuit against its own regulator, which could increase scrutiny and delay approvals.
- Capital Requirements (new) — The company estimates it needs $136M in additional capital to complete its first commercial reactor, far exceeding the offering proceeds.
Deep Fission files for IPO, plans to raise $42.5M at $17/share midpoint; company nets $35.2M
Filed June 10, 2026 · ~2 min read
Key Changes
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Deep Fission plans to offer 2.5M shares at a preliminary $17.00/share midpoint, raising $42.5M gross; net proceeds to the company are $35.2M.
The Offering verify on EDGAR → -
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The company is pre-revenue with its Gravity Reactor in conceptual/early engineering stages; it has never built or operated a commercial reactor.
Prospectus Summary verify on EDGAR → -
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Net proceeds will fund working capital and the first pilot nuclear reactor, including engineering, R&D, licensing, and construction.
Use of Proceeds verify on EDGAR →
5 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 30, 2026 · How we verify